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Corporate Control and Governance

C/F/119. Globalization and Corporate Governance

WORDS:
5000
DATE:
2006
PRICE:
59.99 GBP

This work is dedicated to the analysis of global changes happening to corporate governance. The corporate scandals which shocked the world at the start of new the century not only had detrimental effects on the financial society, but also led to enacting the Sarbanes-Oxley Act in the US and the Higgs report in the UK. These documents have changed the landscape of corporate governance leading to greater transparency and more independence of non-executive directors. However, some areas of corporate governance were not changed even after adoption of this legislation. Another global trend in corporate governance is convergence of standards of corporate governance to presumably Anglo-Saxon tradition. This can be explained by the global dominance of American and British corporation and increasing shareholder orientation due to development of pension funds and insurance companies. This paper scrutinizes the facts of convergence providing different accounts of this phenomenon and empirical evidence from different sources. The overall conclusion of this essay which can be made is that corporate governance still needs further reforms, however these reforms should take into account regional disparities and differences in economic development. This paper would be of great use to students studying current trends in corporate governance.

 

KEYWORDS: f, globalization, corporate, governance,

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Thanx for the paper. I got it and would like to have few more in the future. G.Patel